Is Bridge Of Promise Legit?

Strengths

Consistent and significant revenue growth, from $199,753 in 2014 to $1,342,245 in 2023.
Strong asset accumulation, growing from $41,217 in 2014 to $1,041,878 in 2023.
Very low liabilities across all filing periods, indicating strong financial stability.
Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to mission.
Positive net income (revenue exceeding expenses) in recent years, such as $342,753 in 2023 ($1,342,245 revenue - $999,492 expenses).

Spending Breakdown

How Bridge Of Promise allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Bridge Of Promise

Is Bridge Of Promise a legitimate charity?

Based on AI analysis of IRS 990 filings, Bridge Of Promise (EIN: 204043915) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Bridge Of Promise a good charity to donate to?

Bridge Of Promise has a Mission Score of 90/100. Revenue: $1.5M. Assets: $938K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bridge Of Promise?

The Employer Identification Number (EIN) for Bridge Of Promise is 204043915. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Bridge Of Promise spend its money?

Bridge Of Promise allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bridge Of Promise's tax-exempt status?

You can verify Bridge Of Promise's tax-exempt status using EIN 204043915 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Bridge Of Promise demonstrates strong financial health and growth, with revenue consistently exceeding expenses in recent years. For example, in 2023, revenue was $1,342,245 against expenses of $999,492, resulting in a surplus. This trend of positive net income has allowed the organization to significantly increase its assets from $41,217 in 2014 to $1,041,878 in 2023, indicating robust financial management and capacity building. The organization's liabilities have remained very low, often negligible, which is a positive indicator of fiscal responsibility.

The spending efficiency appears strong, as evidenced by the consistent growth in assets and the ability to operate with a surplus. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial trajectory suggests effective resource allocation. The absence of reported officer compensation across all filings is a notable aspect of its transparency and operational model, suggesting a volunteer-led or very lean executive structure.

Overall, Bridge Of Promise exhibits a healthy financial profile with consistent growth, strong asset accumulation, and minimal liabilities. The lack of reported officer compensation enhances its transparency score, suggesting that a significant portion of its resources are directed towards its mission rather than executive overhead. Further detailed analysis of expense categories would provide a more granular view of spending efficiency.

Verdict: Bridge Of Promise appears trustworthy

Red Flags